Tomorrow Crash?

nitrene said:
Only thing that can bring this market down is another regional bank collapsing due to higher rates. That seems unlikely but the KRE has done poorly since it peaked a week ago so maybe that is still the fear.

The more talking heads keep saying the market correction is right around the corner the higher markets will go.
More...
%%
Haven't had time to do all the numbers on that\
but BAC[not regional LOL]has been below 200dma all year:caution:\
I got much better customer service from local banks, but many of those are not public stock market. W Buffet sold BAC years go, nothing like a persistent trend.
Plenty of strong sectors/good up trends.
CVX is also below 200dma ,but they were buying @ 52 week lows..........
Not a prediction + not a BAC customer anymore.:cool::cool:
 
Russell Indexes annual reconstitution finalizes next Friday 6/23/23. Maybe something by or before then, but this market "wants to go higher" overall.
 
upload_2023-6-16_8-1-45.png




Tomorrow Crash?
US index futures, gold, copper, crude oil,
EUR GBP, bonds .... all crash up.
 
https://finance.yahoo.com/news/4-2-trillion-options-event-212632259.html
"
(Bloomberg)
A $4.2 Trillion Options Event Looms for New Bull Market
Lu Wang, Fri, June 16, 2023 at 12:32 PM GMT+2
...
It’s a decision traders face every month, but the stakes are higher this time. About $4.2 trillion of contracts tied to stocks and indexes are scheduled to mature, according to an estimate by Rocky Fishman, founder of derivatives analytical firm Asym 500. That’s 20% more than a year ago.

The event known as OpEx generally sees Wall Street managers either roll over existing positions or start new ones. This month it also happens to coincide with the quarterly expiration of index futures and the rebalancing of benchmark indexes including the S&P 500. The process is ominously dubbed triple witching and is known for causing spikes in trading volume as well as sudden price swings.
...
With valuations stretched and recession fears lingering, a case can be made that protection in the derivatives market is warranted. In the latest Bloomberg survey of sell-side strategists, the average year-end target calls for a more than 7% drop for the S&P 500.
...
"
 
You must log in or register to reply here.
Back
Top